FGN Securities Drive Nigeria's Pension Assets to N27.45 Trillion High
Nigeria's pension industry has recorded robust growth, with total assets under management rising to N27.45 trillion as of December 2025, according to the latest unaudited portfolio report from the National Pension Commission (PenCom). This represents a significant 22% increase (or approximately N4.94 trillion added) over the year, up from N22.86 trillion in January 2025. The surge is largely attributed to attractive yields on investments in Federal Government of Nigeria (FGN) securities, which remain the dominant asset class in pension portfolios. PenCom data shows FGN securities accounted for about N16.33 trillion—or roughly 59.5%—of total assets in December 2025, serving as the stable backbone amid macroeconomic challenges. This allocation provided resilience through predictable returns, even as other asset classes like domestic equities saw strong gains (up 64.36% year-to-date in some reports). The growth reflects a combination of factors: Sustained contribution inflows from t...